Hi Ians and Wotcopper
Ians The NCU story gets better every week
To all new posters Ian and I may seem to be fixated on NCU
We are because NCU [Nevada Copper Corp] is the most advanced and aggressive junior of PMHs neighbours in Yerrington Nevada. They have over $12Mill in the bank and are working towards completing a prefeasibility study early next year for their measured res of 9.3bill pounds of Cu
They are the best coy to bechmark a current market value for PMH. NCU at 3.10 should put PMHS price at $Au 1.00
Wotcopper Because PMH has around 4.5mill of cash and listed shares it will not be embarking on a major drilling program to spend 2-3 mill on Ann Mason and Blue Hills in the next 3 mths. It is still waiting on an environmental assessment from the Nevada Authorities to proceed with further work
It will keep coat tailing off the other well funded juniors in the area They are NCU, Entree and Quaterra
Anns are expected in the next month for Sentinnel re U and Ge and Shamrock for Cu and its US and AUS gold projects.
These should have an immediate effect on price and some may be able to be converted to cash
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ann mason pre-feasibility study, page-3
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